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Mar 20, 2013
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they are forecasting the entire economy. when you look at those dates, those are the ones with the more optimistic outlooks. you have the fiscal uncertainties. the fed cannot take that into account in their forecasts. they forecast the economy as it is, not what may happen from the fiscal side. cheryl: the sequester will be one of the things that can change their gdp projections. i assume that would be to the downside. unemployment, that is also key to market participants. is 6.5% unemployment -- if that threshold comes sooner rather than later, that will be a market negative, i assume. >> i would assume that as well. the labor force participation rate is at a 30 year low. we will get it down to 6.5% by giving more people to drop out of the labor market. if you look at consumer confidence as measured by the university of michigan, that have plummeted this year. do not forget, guys, the way that that helps out this u.s. government is keeping the rates low. cheryl: what about the homebuilders, scott? homebuilding has been a bi
they are forecasting the entire economy. when you look at those dates, those are the ones with the more optimistic outlooks. you have the fiscal uncertainties. the fed cannot take that into account in their forecasts. they forecast the economy as it is, not what may happen from the fiscal side. cheryl: the sequester will be one of the things that can change their gdp projections. i assume that would be to the downside. unemployment, that is also key to market participants. is 6.5% unemployment...
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Mar 19, 2013
03/13
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the economy may be improving. the problem for president obama is his approval rating is not. 47% of americans approving. doug shaw is here to answer that. a record-breaking run last week. you have home production neared the unemployment rate falling. >> first of all, we have dysfunction in washington. we do not have a budget deal. economic growth was tested in the fourth quarter. there is no sign that it is reviving. there really is no revival on main street. connell: is there something politically bad be done? is there something they are not doing right? shouldn't they be better able to take advantage of the perfect stock market and little bit better economic numbers? i think the president is trying to do that now, connell. reaching out to the public senators and paul ryan. we made a deal on the but with newt gingrich. the same thing needs to be done now. dagen: something really struck me. i do not mean to harp on it. the average american wakes up in the morning, you tell me how he feels or she feels that deficit
the economy may be improving. the problem for president obama is his approval rating is not. 47% of americans approving. doug shaw is here to answer that. a record-breaking run last week. you have home production neared the unemployment rate falling. >> first of all, we have dysfunction in washington. we do not have a budget deal. economic growth was tested in the fourth quarter. there is no sign that it is reviving. there really is no revival on main street. connell: is there something...
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Mar 26, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment iormation, risks, fees and expenses to read and consider carefully before investing. >> at 20 minutes past the hour, hello, everybody i'm uma pemmaraju with your fox news minute. italy's highest court overturned the acquit al of former exchange student amanda knox and ordered a new trial. knox and her former boyfriend served prison time for the murder of knox's roommate back in 2007 but that conviction was later overturned. >>> in virginia, governor bob mcdonnell has a bill that safeguards against voter fraud and free i.d. for any registered voter who does not have one. democrats denounced it to suppress votes of elderly, minorities and underprivileged. >>> supreme court says using a police dog without a warrant to sniff for drugs outside of a house violates the homeowners's constitutional rights. it pert
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment iormation, risks, fees and expenses to read and consider carefully before investing. >> at 20 minutes past the hour, hello, everybody i'm uma pemmaraju with your fox news minute. italy's highest court overturned the acquit al of former...
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Mar 21, 2013
03/13
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so is all of this a sign the economy is improving? joining me now is michelle gerard, most fabulous u.s. economist for rbs. [laughter] how do you like that? did you know your title had been changed? >> i'm going to get my business cards reprinted. melissa: fabulous, why not? [laughter] talk to me about this data. did it make you feel good about the economy? is it a sign we're moving in the right direction? >> i tell you, you know, i -- it's hard for me to believe that the economy, um, is doing as well as it is. i mean, we've still got all the uncertainty about washington, and i think, you know, what's going on in cyprus is a reminder we shouldn't be so complacent about the eurozone, but the economy is really looking to be doing better than i, um, had even hoped that it would be. you mentioned the jobless claims numbers. i mean, there's something going on there. the trend there is nicely, has moved down nicely. it really kind of corroborates the strength we've seen in the employment numbers in the last couple of months. we know housing
so is all of this a sign the economy is improving? joining me now is michelle gerard, most fabulous u.s. economist for rbs. [laughter] how do you like that? did you know your title had been changed? >> i'm going to get my business cards reprinted. melissa: fabulous, why not? [laughter] talk to me about this data. did it make you feel good about the economy? is it a sign we're moving in the right direction? >> i tell you, you know, i -- it's hard for me to believe that the economy,...
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Mar 18, 2013
03/13
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they have an economy geared to selling things to us. we do not have a economy geared to them. adam: let me pick up on that point. put this in the context of what do i do with my money? i know to stay out of equities in china. that is russian roulette. you don't even want to go there. how do i either make money in regards to china or avoid china order to make money? >> well, you know you can make money in the chinese stock markets if you know what the chinese government is going to do with regard to stimulus. because that market moves on government policy. the thing about china right now is that the markets are not giving investors a sufficient premium for the risk. there is lot of risk there because the economic recovery which is now in its second quarter is pretty fragile. adam: are you paying attention to the constant discussion in the united states about the pressure to get the chinese to allow their currency to rise in value? >> yeah. we've been talking about that for more than a half decade now. the chinese have been intransigent. the chinese remini -- renminbi is underva
they have an economy geared to selling things to us. we do not have a economy geared to them. adam: let me pick up on that point. put this in the context of what do i do with my money? i know to stay out of equities in china. that is russian roulette. you don't even want to go there. how do i either make money in regards to china or avoid china order to make money? >> well, you know you can make money in the chinese stock markets if you know what the chinese government is going to do with...
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Mar 20, 2013
03/13
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economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well, the parcels of the business, but would be expected to do better was the domestic express business because we saw in the end of february and december was interesting because christmas came on a tuesday and so on friday before christmas the 21st we saw a number of high-end retailers, saks fifth avenue, you name it, all offering free shipping, express shipping if you clicked before noon on friday. the good news is that led to a surge in business turn a negative business on volume last quarter into a positive this
economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well,...
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Mar 21, 2013
03/13
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economy. connell: what we have been saying here, unless the interest rates start to go up, you can pull people and they can say whatever they want. their behavior will not change unless you see a spike in interest rates. >> it will be hard to get a spike in interest rates with the fed flooding the system with liquidity. the whole world is on painkillers right now. we have become addicted to liquidity, easy solutions and until the fed start to bring it in and interest rates go up, i do not see a change. dagen: do the people who are still buying taxable debt, you start to see money flowing back into u.s. stock. you see billions every week into world stock. >> i think we are somewhere close to the end of a bond bubble. for the third time in 60 years, we are looking at ten year treasury rates below inflation. that is, obviously, not a way to build over time. we have put $1 trillion into bonds from 2009-2012 and we are still not seeing it, now. this great return we are talking about, that has not h
economy. connell: what we have been saying here, unless the interest rates start to go up, you can pull people and they can say whatever they want. their behavior will not change unless you see a spike in interest rates. >> it will be hard to get a spike in interest rates with the fed flooding the system with liquidity. the whole world is on painkillers right now. we have become addicted to liquidity, easy solutions and until the fed start to bring it in and interest rates go up, i do not...
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Mar 18, 2013
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of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the principle architects here, the imf, the ecb, and the european union and germany with a strong hand there. if they force this upon one country, who is to say they couldn't force it upon a larger, more important country? if europe were able to execute a plan like that, who is to say that the united states wouldn't look and say, well, they did it in europe, why couldn't we look here? connell: rule of law question; right? >> exactly. dagen: what's the solution? somewhere between forcing the haircut and letting banks fail? wh
of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the...
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Mar 19, 2013
03/13
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tax base of the economy is not very large at all. by contrast spain and italy have much larger tax bases. that is where you would go for help if you needed it in spain and italy, you go to the tax base, not to the banks. tracy: that's a good question. last question overseas, if cyprus can't get it together, right now they look like the gang that can't shoot straight, and they default and go bankrupt, play that out. what happens here at home? >> well, that's sort of the scenario that investors have been afraid of now for several years and that the europeans have worked hard to try to avoid with greece but a split in the eurozone sets the precedent that if one country can leave, at some point any other country could leave, possibly even germany. tracy: right that. >> would return us possibleryly to the days of last summer and summer before we had large pullbacks and markets around the world including this country. tracy: my birthday is in the summer and i think it coincided. talk about investment opportunities around the world. you hav
tax base of the economy is not very large at all. by contrast spain and italy have much larger tax bases. that is where you would go for help if you needed it in spain and italy, you go to the tax base, not to the banks. tracy: that's a good question. last question overseas, if cyprus can't get it together, right now they look like the gang that can't shoot straight, and they default and go bankrupt, play that out. what happens here at home? >> well, that's sort of the scenario that...
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Mar 26, 2013
03/13
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good sign for the economy. some investors are betting that copper will outpace future gains for gold and silver. at least copper is used for something unlike gold unless you've got teeth, fake teeth. connell: i don't see that in the tell -- teleprompter but it's probably there. >> i'm going to go here. take a look at dupont. dow down 1%. big deal here is we'll look at dupont and mansanto. they've now settled an anti-trust and patent lawsuits and set a new deal. what they did is the deal that they made dismisses the $1 billion that was against dupont. look at mansanto here, up 3.2%. they're top seed rivals and they will drop lawsuits against each other in federal court. under the agreement now, dupont will make a series of royalty payments for these generic materials, including $802 million from 2014 to 2017 for some technology. they settled it among themselves and there you have it. big news in the seed world. back to you. connell: the seed world. all right. dagen: seed canisters like glen beck used to sell on
good sign for the economy. some investors are betting that copper will outpace future gains for gold and silver. at least copper is used for something unlike gold unless you've got teeth, fake teeth. connell: i don't see that in the tell -- teleprompter but it's probably there. >> i'm going to go here. take a look at dupont. dow down 1%. big deal here is we'll look at dupont and mansanto. they've now settled an anti-trust and patent lawsuits and set a new deal. what they did is the deal...
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Mar 22, 2013
03/13
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, perhaps even the world economy. adam: so are banks too big to prosecute? we want to bring in former delaware senator ted kaufman. he pushed for serious financial reform while he was in the, i think it was fraud recovery act. >> that's it, adam, you got it. adam: thanks for being on fbn. justice department, to date, who has gone to jail? >> no one has gone to jail and it is very disappointing and i'm very disappointed in what the attorney general said. the same thing that the head of the criminal division said lanny breuer in a speech in new york, that somehow the law enforcement officers are supposed to take into account the financial well-being of the potential perp who has broken the law. it just doesn't, it doesn't compute with me. that is the first thing. the second thing is, if in fact people made wrongdoing you can go after individuals. the other problem with this, thing, adam, they don't go after individuals for criminal prosecutions. they can do that and that won't affect the health of the business. not only
, perhaps even the world economy. adam: so are banks too big to prosecute? we want to bring in former delaware senator ted kaufman. he pushed for serious financial reform while he was in the, i think it was fraud recovery act. >> that's it, adam, you got it. adam: thanks for being on fbn. justice department, to date, who has gone to jail? >> no one has gone to jail and it is very disappointing and i'm very disappointed in what the attorney general said. the same thing that the head...
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Mar 25, 2013
03/13
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economy still rife with uncertainty. here to discuss guy dean of new york university school of business, peter henry. it is bittersweet. you take some of these countries, mexico, brazil, china, they were a mess. now, we have to learn from them. >> exactly. now, we find ourselves in a very similar situation. discipline does not mean fiscal austerity. you need to build trust. dennis: we can see that trust issue going on right now. they worry that what they did which was penalized the rest just invested the most and not penalize depositors, why don't we start with this one. i feel like in the u.s. we have to have austerity. >> fiscal austerity only works in environments of high inflation. we need to focus on the future. focus on austerity. dennis: the government is spending too much. this is not a good thing. >> you need to regain balance over time. right now, trying to get through immediately in the united states could really put a drag on growth here. with 7.7% unemployment, we need growth. dennis: it seems like all the f
economy still rife with uncertainty. here to discuss guy dean of new york university school of business, peter henry. it is bittersweet. you take some of these countries, mexico, brazil, china, they were a mess. now, we have to learn from them. >> exactly. now, we find ourselves in a very similar situation. discipline does not mean fiscal austerity. you need to build trust. dennis: we can see that trust issue going on right now. they worry that what they did which was penalized the rest...
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Mar 25, 2013
03/13
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because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined our own pivot. per re, indsmeesh that, vietnam, oman and turkey. tracy: what worries you the most right now? >> europe. i'm very concerned that cyprus is not by itself a big deal but they keep changing the rules of the game and the financial system is very precarious right now in europe. the u.s. is fine. and i'm just wondering how long can europe, we're in the third, they're in the third recession in five years, how long can they not grow? all the debt forgiveness in the world without economic growth will be a long-term problem. ashley: as long as this goes on, doug, we talk about the goldilocks environment but it is exactly what it is. it is not too hot to prompt the fed to pull ba
because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined our own pivot. per re, indsmeesh that, vietnam, oman and turkey. tracy: what worries you the most right now? >> europe. i'm very concerned that...
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Mar 22, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidenc request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. connell: charles payne in just a minute. quarter past illegal to nicole petallides. nicole: when you talk about what they are selling, nike is obviously doing well. future orders are looking good. obviously, nike is a big winner. our friends from alabama. i am wrapping it up. look at how great they look. this year, new york and the new york stock exchange. dagen: hey y'all. connell: you scared them off. [ laughter ] connell: nicole petallides at the new york stock exchange. dagen: everybody knows everybody. connell: time to make a little money wit
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidenc request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line,...